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Additional Case 5.3
You are a middle manager looking for a first-line supervisor. The selection criteria in priority order are: 1) the ability to learn and adapt to a changing job, 2) willingness to perform the job assigned under its current conditions, and 3) strong verbal and quantitative skills. In addition, the cost of the selection process is a concern since you want to look at a broad range of candidates.
The firm has about 500 employees and is a federal contractor. There is a racial imbalance among the management team, which favors white males. No evidence of discrimination exists, and the firm has never received a discrimination complaint. The firm's hourly employees are about 50% female and 35% minority. You have actively sought to provide access to disabled employees. Two years ago, the firm experienced an incident in which one employee became violent and injured several other employees. The firm was held liable for the occurrence.
-Refer to Additional Case 5.3.The best selection tool for assessing your number one criterion is:
Target Cash Balance
The optimal amount of cash that a company aims to hold for operational and precautionary purposes.
Carrying Costs
Expenses associated with holding or carrying inventory, including storage, insurance, taxes, and opportunity costs.
Shortage Costs
Costs associated with the unavailability of inventory or goods, leading to lost sales, backorders, or production delays.
Adjustment Costs
Expenses incurred by a company or economy in making transitions or changes to a new policy, process, or condition.
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